Where Ategrity Specialty Insurance Co stands after its latest 10-Q
Revenue for the twelve months to June 2026 was $517m.
Source: 10-Q filed August 13, 2026 on SEC EDGAR · Financials · Valuation
Ategrity Specialty Insurance Co Holdings is a US-listed company in the property & casualty insurance industry. Its financial year ends in December.
Stock price today
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Third-party market data · may be delayed
Model estimate per share
~$31
Valuation models combined (5)
Base case. Range ~$18–$39. Weighted average of 5 models (residual income, justified price-to-book, price-to-book vs return on equity (peers), price-to-book vs peers, forward price-to-earnings vs peers), the residual income counting double.
Price vs value
No Buy/Hold/Sell rating is issued: limited reported history: available models are shown without a Buy/Hold/Sell rating.
Ategrity Specialty Insurance Co Holdings valuation: adjust assumptions and compare models →
Who’s trading
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
- Funds45 adding, 36 cuttingOf 20 active managers that changed their stake, 6 added; quarter to June 30, 2026Fund buyers and sellers
Value diary
Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.
The Fundamentalytics view
Current signal Results well short of expectations: Reported earnings per share missed the analysts' consensus estimate by 42% in the quarter to 2026-09-30.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
Highlights
How we pick theseStrengths
- Fast growth. Revenue grew 36.6% over the last 12 months.
Things to watch
- Volatile shares. Over the past year the shares showed annualised volatility of 48% and a beta of 0.1 against the S&P 500.
Latest results: FY2026 Q2
- Earnings per share
- $0.29 against an average estimate of $0.50: missed by 41.9%
- Revenue
- $148m, up 45.9% on a year earlier
- Share reaction
- -13.8% in the first session after the results on October 21, 2026, against -0.7% for the S&P 500
- Next report
- October 21, 2026; average EPS estimate $0.55
Price chart
- 1 day+2.0%
- 1 week+1.6%
- 1 month-7.1%
- This year+15.7%
- 1 year+25.1%
- S&P 500 this year+11.2%
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Third-party market data · may be delayed
At a glance
Profitability
- Revenue (TTM)
- $517M
- Net margin
- 20.7%
- EPS (TTM, diluted)
- $2.14
Growth
- Revenue growth
- +36.6%
- Change in growth rate
- +2.6 pts
Earnings
- Last results
- October 21, 2026
- Next results (est.)
- December 30, 2026
News & updates
Company announcements, filed results and changes that matter to shareholders.
- Results
Ategrity Specialty Insurance Co Holdings reported results; announced a director or officer change
SEC 8-KRead source ↗ - Leadership
Ategrity Specialty Insurance Co Holdings announced a director or officer change
SEC 8-KRead source ↗ - Results
Ategrity Specialty Insurance Co Holdings reported results
SEC 8-KRead source ↗ - Results
Ategrity Specialty Insurance Co Holdings reported results; announced a director or officer change
SEC 8-KRead source ↗
Valuation models
We value Ategrity Specialty Insurance Co Holdings as an insurer, with every model that fits that kind of business. Cost of equity 7.7%: the 10-year Treasury yield (4.9%) plus a beta of 0.62 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | ~$39 ~$26–$62 | Primary model, counts double |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | ~$36 ~$30–$46 | Included |
| Price-to-book vs return on equity (peers) The price-to-book that peers with this return on equity trade on, from a line fitted across peers. | ~$26 ~$17–$36 | Included |
| Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. | ~$18 ~$15–$31 | Included |
| Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. | ~$25 ~$22–$32 | Included |
| Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. | — | Does not apply: pays no regular dividend |
| Combined value Weighted average of the models that apply: the primary model (residual income) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. | ~$31 ~$18–$39 | 5 models |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Ategrity Specialty Insurance Co Holdings with property, casualty and specialty insurers in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
Moat
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.
Forecasts and guidance
Analysts' consensus
| Fiscal year | EPS | Growth | Revenue | Growth |
|---|---|---|---|---|
| Current | $2.04 | +26% | $517m | +14% |
| Next | $2.49 | +22% | $655m | +27% |
Next year's EPS estimate has moved +0.3% in 90 days, across 5 analysts.
How the EPS forecast has moved
The consensus EPS forecast for the current fiscal year is −1.5% on 90 days ago. In the last 30 days, 0 analysts raised Ategrity Specialty Insurance Co Holdings's forecast and 2 cut it.
Average of analysts' published estimates (third-party data).
View chart data
| Period | Current fiscal year | Next fiscal year |
|---|---|---|
| 90 days ago | $2.07 | $2.48 |
| 60 days ago | $2.25 | $2.52 |
| 30 days ago | $2.25 | $2.52 |
| 7 days ago | $2.23 | $2.51 |
| Now | $2.04 | $2.49 |
Earnings against estimates
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Sept 2026 | $0.50 | $0.29 | −41.9% |
| Jun 2026 | $0.54 | $0.67 | +23.0% |
| Mar 2026 | $0.41 | $0.51 | +24.6% |
| Dec 2025 | $0.39 | $0.51 | +32.1% |
Adjusted EPS as companies report it, against the average analyst estimate.
Positioning
- Short interest
- 3.9% of tradable shares
- Days to cover
- 4.95 at average volume
- Short interest, 1 month
- +9% to October 15, 2026
- Held by institutions
- 12% of shares
- Held by insiders
- 81.4% of shares
- Employees
- 203 full time
Share-price performance
Market data may be delayedWhat moved the share price
Last 12 months +25.1%
| Part | Then | Now | Effect |
|---|---|---|---|
| Revenue (last 12 months) | $378m | $517m | +36.6% |
| Net margin | 16.0% | 20.7% | +29.3% |
| P/E multiple | 12.6x | 11.4x | −9.9% |
| Share count | 39m | 50m | −21.4% |
Biggest factor: revenue.
Return and risk by year
| Calendar year | 2026 to date |
|---|---|
| Return | |
| ASIC | +16% |
| Industry peers (median) | +10% |
| S&P 500 | +11% |
| Months that ended higher | |
| ASIC | 46% |
| S&P 500 | 46% |
| Largest fall from a high during the year | |
| ASIC | −21% |
| S&P 500 | −9% |
Worst fall since June 11, 2025: 34% from June 11, 2025 to October 9, 2025. Getting back needed a 51% gain, reached on July 2, 2026, 266 days after the low.
Price behaviour
- 52-week range
- $17.10 – $28.66
- From 52-week high
- −15.2%
- vs 50-day average
- −7.7%
- vs 200-day average
- +8.5%
- Volatility (1 year)
- 48%
- Beta vs S&P 500
- 0.15
Share price after results
- Next day
- 3 up, 4 down typical move ±8.8%
- After a week
- 3 up, 4 down typical move ±9.7%
- After a month
- 3 up, 3 down typical move ±5.0%
| Results released | Next day | S&P 500 next day | 5 days | 21 days |
|---|---|---|---|---|
| October 21, 2026 | −13.8% | −0.7% | −15.9% | — |
| July 29, 2026 | −6.8% | +0.1% | −3.9% | +2.9% |
| July 10, 2026 | +4.6% | −0.3% | −5.0% | +3.5% |
| April 29, 2026 | −6.2% | +1.0% | −3.2% | −3.7% |
| February 19, 2026 | +26.5% | +0.5% | +32.6% | +13.2% |
| October 22, 2025 | −0.3% | +0.1% | +2.2% | −5.2% |
| August 14, 2025 | +3.3% | −0.2% | +5.3% | −1.4% |
Fundamentals
Source: SEC EDGAR filings. Retrieved October 29, 2026.
View chart data
| Period | Revenue (TTM) |
|---|---|
| FY25 Q1 | $350.9M |
| FY25 Q2 | $378.3M |
| FY25 Q3 | $405.7M |
| FY25 Q4 | $424.3M |
| FY26 Q1 | $470.2M |
| FY26 Q2 | $516.9M |
Financial statements
| Fiscal year | 2024 Dec 2024 | 2025 Dec 2025 | LTM Jun 2026 |
|---|---|---|---|
| Income | |||
| Revenue | 344 | 424 | 517 |
| Net income | 47 | 74 | 107 |
| Diluted EPS | $1.28 | $1.58 | $2.14 |
| Growth (year on year) | |||
| Revenue | — | +23.4% | +36.6% |
| Net income | — | +57.2% | +76.7% |
| Diluted EPS | — | +23.4% | — |
| Margins | |||
| Net margin | 13.7% | 17.4% | 20.7% |
| Free-cash-flow margin | 36.5% | 33.2% | — |
| Cash flow | |||
| Cash from operations | 126 | 147 | 177 |
| Capital spending | 0 | 6 | — |
| Free cash flow | 125 | 141 | — |
| Stock-based pay | 2 | 1 | 1 |
| Free cash flow after stock pay | 123 | 140 | — |
| Balance sheet | |||
| Cash | 27 | 30 | 33 |
| Total debt | 0 | 0 | 0 |
| Net debt (negative = net cash) | −27 | −30 | −33 |
| Diluted shares | 37m | 46m | 50m |
| Returned to shareholders | |||
| Buybacks | 0 | 3 | — |
| Total returned | 0 | 3 | — |
| Quarter | 2024 Q3 Sept 2024 | 2024 Q4 Dec 2024 | 2025 Q1 Mar 2025 | 2025 Q2 Jun 2025 | 2025 Q3 Sept 2025 | 2025 Q4 Dec 2025 | 2026 Q1 Mar 2026 | 2026 Q2 Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Income | ||||||||
| Revenue | 89 | 105 | 83 | 102 | 116 | 123 | 129 | 148 |
| Net income | 13 | 22 | 8 | 18 | 23 | 25 | 25 | 33 |
| Diluted EPS | $0.36 | $0.57 | $0.20 | $0.39 | $0.45 | $0.52 | $0.51 | $0.67 |
| Growth (year on year) | ||||||||
| Revenue | — | — | — | +36.9% | +30.8% | +17.9% | +55.2% | +45.9% |
| Net income | — | — | — | +256.4% | +76.2% | +17.3% | +201.0% | +89.8% |
| Diluted EPS | — | — | — | +178.6% | +25.0% | −8.8% | +155.0% | +71.8% |
| Margins | ||||||||
| Net margin | 14.5% | 20.6% | 10.2% | 17.3% | 19.5% | 20.5% | 19.7% | 22.5% |
| Free-cash-flow margin | — | — | 25.2% | 25.3% | — | — | 31.9% | 25.6% |
| Cash flow | ||||||||
| Cash from operations | 26 | 35 | 21 | 30 | 41 | 55 | 42 | 39 |
| Capital spending | — | — | 0 | 4 | — | — | 1 | 1 |
| Free cash flow | — | — | 21 | 26 | — | — | 41 | 38 |
| Stock-based pay | 0 | 2 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free cash flow after stock pay | — | — | 21 | 25 | — | — | 41 | 38 |
Competitors: side by side with peers
| Last 12 months unless stated | ASIC | PRCH | HIPO | BOW | JRVR | EIG | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $517m | $530m | $543m | $615m | $653m | $788m | $1.7bn |
| Revenue growth, last 12 months | 36.6% | 15.6% | 20.6% | 25.0% | −1.8% | −13.0% | 8.3% |
| Revenue growth, 3-year average | — | 11.8% | 44.2% | — | −3.9% | −2.4% | 9.5% |
| Revenue growth, latest quarter | 45.9% | 13.0% | 29.4% | 23.0% | −7.7% | −20.9% | 4.7% |
| Net margin | 20.7% | 1.8% | 5.9% | 10.1% | 4.7% | 3.5% | 10.8% |
| Cash from operations / revenue | 34.3% | 21.7% | 23.5% | 54.3% | 0.3% | −2.4% | 18.4% |
| Free-cash-flow margin | — | 21.5% | 23.4% | 53.5% | −0.4% | −2.4% | 17.6% |
| Free-cash-flow margin, 3-year average | — | 6.5% | 8.2% | 65.2% | −12.6% | 4.7% | 16.5% |
| Stock pay / revenue | 0.2% | 6.7% | 4.8% | 1.8% | 0.6% | 0.7% | 0.6% |
| Change in share count | — | 2.2% | 5.0% | −0.5% | 22.2% | −19.7% | −0.7% |
Who owns it
Funds buying and selling- Reported value
- $131M
- Institutions reporting
- 84
- Shares held vs prior quarter
- ▼ 7.0%
- Positions opened / closed
- 10 / 11
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Nuveen, LLC | $17.4M | 724K | 13.3% | ▲ 1.7% |
| Blackrock, Inc. | $14.8M | 615K | 11.3% | ▲ 8.4% |
| T. Rowe Price Investment Management, Inc. | $13.8M | 573K | 10.5% | ▲ 0.6% |
| Cannell Capital LLC | $11.8M | 490K | 9.0% | ▲ 0.8% |
| Vanguard Capital Management LLC | $9.4M | 391K | 7.2% | ▲ 9.3% |
| Price T Rowe Associates Inc | $9M | 376K | 6.9% | ▲ 36.8% |
| Geode Capital Management, LLC | $4.9M | 202K | 3.7% | ▲ 7.4% |
| State Street Corp | $3.7M | 153K | 2.8% | ▲ 12.5% |
| Marshall Wace, LLP | $3.3M | 137K | 2.5% | ▼ 31.7% |
| Arrowstreet Capital, Limited Partnership | $3.2M | 132K | 2.4% | 0.0% |
| State Of Wisconsin Investment Board | $3.1M | 129K | 2.4% | ▼ 9.8% |
| Two Sigma Investments, LP | $3.1M | 129K | 2.4% | ▼ 18.6% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Ategrity Specialty Insurance Co Holdings's complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.
Insider trading activity
Full insider history and chart Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
Earnings dates and SEC filings
Results announcements
Next expected around December 30, 2026 estimated from the company's past filing pattern, not announced
- October 21, 2026
- July 29, 2026
- July 10, 2026
- April 29, 2026
- February 19, 2026
- October 22, 2025
Recent SEC filings
- 8-K Current report
- 8-K Current report
- 10-Q Quarterly report
- 8-K Current report
- 8-K Current report
- 8-K Current report
- 10-Q Quarterly report
- DEF 14A Proxy statement
Data status
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| Financial statements | SEC 10-K and 10-Q filings | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
Ategrity Specialty Insurance Co Holdings in brief
- What does Ategrity Specialty Insurance Co Holdings do?
- Ategrity Specialty Insurance Co Holdings is a US-listed company in the property & casualty insurance industry. Its financial year ends in December.
- What is Ategrity Specialty Insurance Co Holdings's stock ticker?
- Ategrity Specialty Insurance Co Holdings trades under the ticker ASIC on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
- What is Ategrity Specialty Insurance Co Holdings's revenue, and how fast is it growing?
- Over its most recent trailing twelve months, Ategrity Specialty Insurance Co Holdings reported revenue of $517M, 36.6% higher than a year earlier, according to its SEC filings.
- Who are Ategrity Specialty Insurance Co Holdings's largest institutional shareholders?
- By value reported in 13F filings for June 30, 2026, the largest reported holders are Nuveen, LLC, Blackrock, Inc. and T. Rowe Price Investment Management, Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
- What is Ategrity Specialty Insurance Co Holdings's market cap?
- On November 2, 2026, Ategrity Specialty Insurance Co Holdings's market capitalisation was about $1.2B, with a price-to-earnings ratio of 11.4 and net debt of -$33.3M. Market figures come from third-party market data and may be delayed.
- Who are Ategrity Specialty Insurance Co Holdings's competitors?
- In our Property & Casualty Insurance peer group, the companies closest to Ategrity Specialty Insurance Co Holdings are Porch Group, Inc., Hippo Holdings Inc., Bowhead Specialty Holdings Inc., James River Group Holdings, Inc. and Employers Holdings, Inc. The side-by-side comparison below sets their revenue, margins and growth against Ategrity Specialty Insurance Co Holdings's.
- When is Ategrity Specialty Insurance Co Holdings's next earnings date?
- Around December 30, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Ategrity Specialty Insurance Co Holdings announces its own schedule.
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